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Crypto Regulation – U.S. SEC Obtains Final Judgment Against Kik and settles case with $5 Mio fine

Leave a Comment / ICO and Token Placement, Regulation, SEC / By

The U.S. SEC announced that a federal district court has entered a final judgment on consent against Kik Interactive Inc. (“Kik”) to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws. On the legal grounds of this final judgment the court approved a settlement between Canadian Kik and SEC. Under the settlement, Kik will pay a US$5 million penalty.

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ICO Legacy – U.S. SEC Obtains Final Judgment Against Kik and settles with $5 Mio fine

Leave a Comment / Cryptocurrency, Regulators, SEC / By

The U.S. SEC announced that a federal district court has entered a final judgment on consent against Kik Interactive Inc. (“Kik”) to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws. On the legal grounds of this final judgment the court approved a settlement between Canadian Kik and SEC. Under the settlement, Kik will pay a US$5 million penalty.

Regulatory Complaint – SEC charges Kik with conducting $100 million unregistered ICO

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The U.S. Securities and Exchange Commission (SEC) sued Kik Interactive Inc. for illegally raising $100 million through its Initial Coin Offering (ICO) in 2017. The regulator charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws. The Complaint was filed on June 4, …

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